The newly redesigned naira notes will go into circulation with Deposit Money Banks releasing the bills to their customers via over-the-counter payments.
The President unveiled the redesigned notes across the N200, N500 and N1,000 denominations.
The Governor of the Central Bank of Nigeria, Godwin Emefiele, had in October announced that apex bank would release re-designed naira notes by December 15, 2022.
He also disclosed that the old notes would cease to be regarded as legal tender by January 31, 2023. Emefiele pointed out that the redesigning of the naira notes would help to curb counterfeit notes and reduce ransom payments to terrorists and kidnappers.
